Van ECK Associates Corp Has $8.48 Million Stock Position in Invesco Mortgage Capital Inc $IVR

Van ECK Associates Corp raised its position in Invesco Mortgage Capital Inc (NYSE:IVR) by 10.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,073,203 shares of the real estate investment trust’s stock after purchasing an additional 102,772 shares during the quarter. Van ECK Associates Corp’s holdings in Invesco Mortgage Capital were worth $8,478,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IVR. Bank of New York Mellon Corp raised its stake in shares of Invesco Mortgage Capital by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 181,596 shares of the real estate investment trust’s stock worth $1,467,000 after purchasing an additional 1,476 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Invesco Mortgage Capital by 14.3% in the 4th quarter. ProShare Advisors LLC now owns 13,101 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 1,644 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in Invesco Mortgage Capital by 7.4% in the second quarter. 180 Wealth Advisors LLC now owns 24,597 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 1,690 shares during the last quarter. Intech Investment Management LLC increased its holdings in Invesco Mortgage Capital by 6.5% in the fourth quarter. Intech Investment Management LLC now owns 32,618 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 1,983 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Invesco Mortgage Capital by 16.8% during the second quarter. Russell Investments Group Ltd. now owns 14,000 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 2,011 shares in the last quarter. 40.54% of the stock is owned by institutional investors and hedge funds.

Invesco Mortgage Capital Trading Down 1.4%

Shares of IVR stock opened at $7.21 on Wednesday. Invesco Mortgage Capital Inc has a 1 year low of $7.10 and a 1 year high of $9.50. The firm’s fifty day simple moving average is $7.65 and its 200 day simple moving average is $7.97. The firm has a market capitalization of $776.08 million, a P/E ratio of 4.87 and a beta of 1.62.

Invesco Mortgage Capital (NYSE:IVR) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $30.10 million during the quarter, compared to the consensus estimate of $46.48 million. Invesco Mortgage Capital had a net margin of 38.01% and a return on equity of 26.48%. Equities research analysts anticipate that Invesco Mortgage Capital Inc will post 1.97 EPS for the current fiscal year.

Invesco Mortgage Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a c) dividend on an annualized basis and a yield of 20.0%. Invesco Mortgage Capital’s dividend payout ratio (DPR) is 97.30%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Invesco Mortgage Capital from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. UBS Group set a $7.75 price target on shares of Invesco Mortgage Capital and gave the company a “neutral” rating in a report on Wednesday, August 19th. Wall Street Zen lowered shares of Invesco Mortgage Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of Invesco Mortgage Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Invesco Mortgage Capital currently has an average rating of “Hold” and a consensus price target of $8.38.

Invesco Mortgage Capital Profile

Invesco Mortgage Capital Inc (NYSE: IVR) is a real estate investment trust that specializes in investing in U.S. residential mortgage-backed securities. The company’s portfolio is weighted toward agency-guaranteed RMBS issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac and Ginnie Mae. By focusing on collateral backed by federal agencies, Invesco Mortgage Capital seeks to generate attractive returns while managing credit risk through securities that carry explicit or implicit government guarantees.

To enhance its portfolio yield, the company employs leverage through repurchase agreements, warehouse facilities and debt financing.